“Our ambitions are to help build businesses that will transform traditional industry,” Kushner tells us. “We are opportunity driven. We invest in companies as opposed to stage or geography.” There isn’t a particular range for check size.

Existing limited partners like Princeton University and others took the majority of the fund. As Thrive is only a few years old, it’s too early to tell what the returns will be on the firm’s first two funds and Kushner won’t comment.

However, the fact that the firm has gone from a $10 million fund to a $40-100 million vehicle, and now a $150 million fund in a matter of a few years is a sign that early performance is promising. The six-person firm is in companies like Kickstarter, Instagram, Warby Parker and Fab.

They’ve also done several deals since Instagram was sold to Facebook for $300 million plus 23 million Facebook shares. None of them are disclosed, however.

Twenty-seven-year-old Kushner started Thrive while at Harvard Business School, not long after he co-founded Latin American social gaming company Vostu. He’s the son of real estate investor Charles Kushner and his brother Jared Kushner owns The New York Observer.